HANOI (Reuters) – Germany’s PNE AG <PNEGn.DE> is seeking approval from the Vietnamese government to develop a $4.6 bln offshore wind farm in the Southeast Asian country, local authorities said on Wednesday.
If licensed, the company would develop the wind farm with a capacity of 2,000 megawatts in Binh Dinh province in central Vietnam, the province’s Department of Planning and Investment said in a statement.
Vietnam is seeking to boost wind and solar energy development, with a target of having 6 gigawatts capacity of offshore wind by 2030, but the target is at risk due to regulatory hurdles.
PNE CEO Per Hornung Pedersen visited the province on Tuesday and worked with local authorities on ways to move the project ahead, the department said, adding PNE had been pursuing the plan since 2019.
PNE was part of a business delegation that accompanied the German president on a visit to Vietnam in January.
PNE didn’t immediately respond to a Reuters request for comment.
A senior provincial official, who was not authorised to speak to media, told Reuters on Wednesday the decision on whether or not to approve the project would be made by the central government.
(Reporting by Khanh Vu; Editing by John Mair)
